The CFTC has launched a pilot program permitting bitcoin, ether, and USDC as collateral in U.S. derivatives markets. This initiative targets approved firms and includes strict oversight and reporting requirements, aiming to provide clearer rules for using tokenized assets. The agency has also updated its guidelines and removed previous restrictions on crypto collateral.

JPMorgan is set to allow customers to use Bitcoin and Ether as collateral for loans, marking a significant step in the bank's embrace of cryptocurrency. This move is part of JPMorgan's broader strategy to expand its services in the digital asset space, responding to increasing demand for crypto-related financial products.